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⇱ Accounting for Business Decision Making: Measurement and Operational Decisions | Coursera


Accounting for Business Decision Making: Measurement and Operational Decisions

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Accounting for Business Decision Making: Measurement and Operational Decisions

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Gain insight into a topic and learn the fundamentals.
3.8

188 reviews

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Flexible schedule
2 weeks at 10 hours a week
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86%
Most learners liked this course

Gain insight into a topic and learn the fundamentals.
3.8

188 reviews

Beginner level
No prior experience required
Flexible schedule
2 weeks at 10 hours a week
Learn at your own pace
86%
Most learners liked this course

What you'll learn

  • Identify the nature, purpose, and importance of different types of decision-useful accounting information.

  • Create, organize, and communicate cost information to best suit common operational decisions.

  • Use accounting information to manage products, control costs, and leverage other drivers of operational success.

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Assessments

15 assignments¹

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Taught in English

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This course is part of the Fundamentals of Accounting Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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There are 4 modules in this course

Accounting information is the lifeblood of the organization as it facilitates and influences operational and strategic decisions intended to achieve organizational goals. Organizations benefit from three decision-oriented roles of accounting: measurement, control, and communication.

This course provides an introduction to accounting’s measurement role inside of an organization and how accountants communicate information that helps managers and employees make operational decisions. In particular, you will learn how cost information is created and organized to help managers and employees conduct profitability analyses, develop and choose products, make pricing decisions, and make common business decisions. Upon successful completion of this course, you will be able to: • Identify the nature, purpose, and importance of different types of decision-useful accounting information. • Create, organize, and communicate cost information to best suit common operational decisions. • Use accounting information to manage products, control costs, and leverage other drivers of operational success. If you enjoy this business course and are interested in an MBA, consider applying to the iMBA, a flexible, fully-accredited online MBA at an incredibly competitive price offered by the University of Illinois. For more information, please see the Resource page in this course and onlinemba.illinois.edu.

Any organization – no matter how large or small – is extremely complex. It is made up of processes, systems, products, and – perhaps most important – people. Why are people most important? Because they are the ones making decisions, guiding the firm towards success. Wondering what these decisions are and how they’re made? Join in on Module 1! You will also become familiar with the course, your classmates, and our learning environment.

What's included

7 videos5 readings4 assignments1 discussion prompt

7 videosTotal 14 minutes
  • 1-1.1. Overview of Business Decisions3 minutes
  • 1-1.2. Application and Extension3 minutes
  • 1-1.3. What We’ve Learned1 minute
  • 1-2.1. Overview of Managerial Accounting3 minutes
  • 1-2.2. Decision-Making Roles of Managerial Accounting2 minutes
  • 1-2.3. Application and Extension2 minutes
  • 1-2.4. What We’ve Learned1 minute
5 readingsTotal 65 minutes
  • Syllabus15 minutes
  • About the Discussion Forums10 minutes
  • Updating Your Profile10 minutes
  • Module 1 Overview10 minutes
  • Module 1 Readings20 minutes
4 assignmentsTotal 85 minutes
  • Orientation Quiz10 minutes
  • Lesson 1-1 Practice Quiz30 minutes
  • Lesson 1-2 Practice Quiz30 minutes
  • Module 1 Conceptual Quiz15 minutes
1 discussion promptTotal 60 minutes
  • Getting to Know Your Classmates60 minutes

Every decision – no matter how big or small – comes down to trading off benefits versus costs. Sounds simple, right? Potential benefits are often easy to envision, and even fun to think about. Costs – a bit less fun – but isn’t it just the price you pay? Not quite. As you’ll see in Module 2, nothing is as simple as it seems!

What's included

9 videos2 readings3 assignments

9 videosTotal 40 minutes
  • 2-1.1. Defining Costs3 minutes
  • 2-1.2. Application and Extension2 minutes
  • 2-1.3. What We’ve Learned1 minute
  • 2-2.1. Importance of Organizing Cost Information2 minutes
  • 2-2.2. Organizing Costs by Product9 minutes
  • 2-2.3. Further Refinements8 minutes
  • 2-2.4. Organizing Costs by Behavior8 minutes
  • 2-2.5. Application and Extension7 minutes
  • 2-2.6. What We’ve Learned1 minute
2 readingsTotal 40 minutes
  • Module 2 Overview10 minutes
  • Module 2 Readings30 minutes
3 assignmentsTotal 90 minutes
  • Lesson 2-1 Practice Quiz30 minutes
  • Lesson 2-2 Practice Quiz30 minutes
  • Module 2 Conceptual Quiz30 minutes

Making decisions can be quite daunting. You need to be able to make predictions about the consequences of your actions so that you can make the best decision. Where do you start? Crystal balls are in short supply. So, how about the next best thing? Jump into Module 3 to learn about cost-volume-profit analysis!

What's included

8 videos2 readings4 assignments1 peer review

8 videosTotal 31 minutes
  • 3-1.1. Measuring Profitability According to Cost Behavior5 minutes
  • 3-1.2. Defining and Using Cost-Volume-Profit Analysis5 minutes
  • 3-1.3. Application and Extension6 minutes
  • 3-1.4. What We’ve Learned1 minute
  • 3-2.1. Interpreting CVP Analysis6 minutes
  • 3-2.2. Limitations of CVP Analysis2 minutes
  • 3-2.3. Application and Extension6 minutes
  • 3-2.4. What We’ve Learned1 minute
2 readingsTotal 50 minutes
  • Module 3 Overview10 minutes
  • Module 3 Readings40 minutes
4 assignmentsTotal 120 minutes
  • Lesson 3-1 Practice Quiz30 minutes
  • Lesson 3-2 Practice Quiz30 minutes
  • Module 3 Conceptual Quiz30 minutes
  • Module 3 Quantitative Analysis Quiz30 minutes
1 peer reviewTotal 120 minutes
  • Module 3 Peer Review Assignment 120 minutes

Owners, managers, and employees often run into two obstacles when making decisions: (1) not enough of the information they need, and (2) too much of the information they don’t need. Surprisingly, the second problem is often harder to overcome than the first, especially in today’s information-rich environment. How do accountants help managers solve this problem? Jump into Module 4 to find out!

What's included

10 videos3 readings4 assignments1 peer review1 discussion prompt1 plugin

10 videosTotal 51 minutes
  • 4-1.1. Identify Common Operations-Based Decisions4 minutes
  • 4-1.2. Creating and Using Relevant Information3 minutes
  • 4-1.3. Application – Make or Buy?12 minutes
  • 4-1.4. Application – Manage Product Lines10 minutes
  • 4-1.5. What We’ve Learned1 minute
  • 4-2.1. Identify Common Sales Decisions2 minutes
  • 4-2.2. Application – Special Orders10 minutes
  • 4-2.3. Application – Sell Now, or Process Further?8 minutes
  • 4-2.4. What We’ve Learned1 minute
  • Learn on Your Terms1 minute
3 readingsTotal 60 minutes
  • Module 4 Overview10 minutes
  • Module 4 Readings40 minutes
  • Congratulations on completing the course!10 minutes
4 assignmentsTotal 120 minutes
  • Lesson 4-1 Practice Quiz30 minutes
  • Lesson 4-2 Practice Quiz30 minutes
  • Module 4 Conceptual Quiz30 minutes
  • Module 4 Quantitative Analysis Quiz30 minutes
1 peer reviewTotal 120 minutes
  • Module 4 Peer Review Assignment 120 minutes
1 discussion promptTotal 15 minutes
  • Final Reflections15 minutes
1 pluginTotal 15 minutes
  • End of Course Survey15 minutes

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Instructor

Instructor ratings
3.4 (26 ratings)
University of Illinois Urbana-Champaign
9 Courses127,633 learners

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Showing 3 of 188

NH
·

Reviewed on Oct 24, 2020

I am learning a lot. The courses are easy to understand.

DK
·

Reviewed on Jun 26, 2018

This is very useful course to learn Business decision

JT
·

Reviewed on Dec 15, 2021

The course itself was informative, but the wording of some questions in the quizzes leaves a lot to be desired.

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